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MIX - MiX Telematics Limited - Trading Statement

Release Date: 27/05/2009 14:26
Code(s): MIX
Wrap Text

MIX - MiX Telematics Limited - Trading Statement MiX Telematics Limited (Incorporated in the Republic of South Africa) Registration number 1995/013858/06) JSE Code: MIX ISIN: ZAE000125316 ("the company") TRADING STATEMENT The financial results of the company and its subsidiaries ("the Group") for the year ended 31 March 2009 will be published on SENS on or about Monday, 8 June 2009. The Group`s comparative financial results for the year ended 31 March 2008 included trading results for the OmniBridge RSA (now MiX Telematics International) and Datatrak Europe (now MiX Telematics Europe) businesses for 6 months only and accordingly provide no meaningful basis of comparison against the audited financial results for the year ended 31 March 2009, which include trading results for these businesses for a full 12 months. Accordingly, this trading update is in respect of the expected audited financial results for the year ended 31 March 2009 compared to the pro-forma comparative financial information for the year ended 31 March 2008 ("pro-forma prior comparative period") as contained in the company`s published financial results announcement for that period. An unqualified reporting accountant`s report was issued on the pro-forma information of the Group for the year ended 31 March 2008. The company accordingly advises that it expects: - Headline earnings per share ("HEPS")to be between 20% and 30% higher than the pro-forma HEPS of 9.7 cents reported for the pro-forma prior comparative period; and - Adjusted headline earnings per share ("adjusted HEPS")to be between 20% and 30% higher than the pro-forma adjusted HEPS of 12.7 cents reported for the pro-forma prior comparative period The information on which the above trading statement is based has not been reviewed or reported on by the company`s auditors. 27 May 2009 Sponsor Java Capital (Proprietary) Limited Date: 27/05/2009 14:26:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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